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Government bonds sold for €270 million

Slovakia’s Debt and Liquidity Management Agency (ARDAL) sold government bonds worth a total of €269.4 million in two types of auctions on September 19.

In a competitive auction for sovereign bonds with a maturity date scheduled for January 21, 2027, ARDAL accepted bids worth €108 million, including from non-residents to the tune of €64 million. A non-competitive auction for bonds with the same maturity saw ARDAL accepting bids worth €15.7 million, including from non-residents totaling €3 million. Overall demand for the competitive and non-competitive auctions was €123.7 million, the TASR newswire reported.

The minimum interest rate was 0.3577 percent p.a., the average at 0.3939 percent p.a., and the maximum at 0.4141 percent p.a.

Another auction involving government bonds maturing on January 21, 2031, drew total demand of €145.7 million on the part of investors, including €78.7 million from non-residents. The competitive auction saw ARDAL accepting bids to the tune of €142 million, including €75 million from non-residents, while the non-competitive auction featured ARDAL accepting bids worth €3.7 million from non-residents alone.

The minimum interest rate was 0.6994 percent p.a., the average rate stood at 0.7879 percent p.a. and the maximum was 0.8055 percent p.a., TASR wrote.